Important disclaimer

 

The Market Notebook, the OPTI Strategies website, videos, emails, publications, comments, charts, downloadable materials, educational programs, coaching sessions, and other content or services provided by Nicolas de Bony or OPTI Strategies Inc. are offered solely for general informational and educational purposes.

 

This content may include observations, opinions, analytical methods, educational strategies, and assessments of probabilities. It does not take into account your financial circumstances, objectives, risk tolerance, investment horizon, experience, or knowledge. It does not constitute financial, investment, tax, or legal advice, a personalized recommendation, a solicitation, or an offer to buy or sell any security, option, derivative, or other financial product.

Nicolas de Bony and OPTI Strategies Inc. are not registered with any securities regulatory authority as an adviser, dealer, or portfolio manager. No subscription, comment, discussion, educational program, or other interaction creates an advisory, portfolio management, or fiduciary relationship. Questions and discussions remain general and educational and are not a substitute for professional guidance tailored to your circumstances.

Some publications may describe how Nicolas de Bony interprets a situation, evaluates a risk-reward profile, or monitors particular market areas. These examples illustrate a personal analytical process and are not instructions to be copied. A strategy or transaction considered appropriate in one context may be unsuitable for another person or at another time.

Investing and trading involve significant risks, including the partial or complete loss of invested capital. Options and other derivatives are complex, are not appropriate for every investor, and can result in substantial losses. Depending on the strategy used, losses may sometimes exceed the amount initially committed. Strategies intended to reduce certain risks may themselves involve costs, limitations, additional risks, and the need for ongoing adjustments.

Past performance does not guarantee future results. You remain solely responsible for every investment or trading decision you make. You should conduct your own research, independently verify the information presented, and consult appropriately qualified independent professionals who understand your circumstances when necessary.

Analyses and opinions reflect Nicolas de Bony’s interpretation at the time of publication. They may change rapidly as new information becomes available or market conditions evolve. Content is not updated continuously, and no obligation is assumed to revise, supplement, or republish an analysis after it has been released.

Information is based in part on public data and sources believed to be reliable when consulted. However, its accuracy, completeness, timeliness, and relevance are not guaranteed. Errors, omissions, delays, data problems, or incorrect interpretations may occur. All content is provided “as is,” without any express or implied warranty regarding its accuracy or the results that may arise from its use.

 

Financial interests disclosure

Nicolas de Bony and OPTI Strategies Inc. invest in financial markets and may have direct or indirect exposure to the indices, sectors, commodities, securities, or other instruments discussed in their content.

Such exposure may include stocks, exchange-traded funds, options, or strategies combining multiple positions. It may be bullish, bearish, hedged, or relatively neutral and may change without notice.

For security and privacy reasons, Nicolas de Bony does not publish the complete composition, size, value, or detailed terms of his personal positions. Nothing in the content should be interpreted as an invitation to replicate a transaction or as an indication of what transactions another person should undertake.

Unless expressly disclosed, Nicolas de Bony and OPTI Strategies Inc. do not receive compensation from an issuer, fund, or other promoter for presenting or analyzing a security or financial product. Any relevant commercial relationship or compensation will be disclosed when it exists.

To the fullest extent permitted by law, Nicolas de Bony and OPTI Strategies Inc. shall not be liable for losses or damages arising from decisions made on the basis of this content. This provision is not intended to exclude any liability that cannot legally be limited or excluded.

Applicable rules may vary according to your country, province, state, or territory. You are responsible for verifying the legal, tax, and regulatory requirements applicable to your circumstances before entering into a transaction or using a service.